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Money
Egypt central bank not considering bitcoin adoption
Egypt’s central bank is not considering allowing banks to deal with bitcoins, the Central Bank of Egypt (CBE) said…
IMF’s Jarvis says Egypt to lift cap on dollar deposits in months: paper
Egypt's central bank will remove restrictions on dollar deposits in the coming months, local newspaper Al-Borsa has…
Chinese bankers flock to Hong Kong as expats retreat
A flood of Chinese bankers is changing the social fabric of Hong Kong, as they rapidly expand their footprint in…
Banque Misr named Africa’s best project finance house
Egypt's second-largest state bank, Banque Misr, has won the EMEA Finance’s award for the best project finance house…
Trump owes $315 million to American, German lenders
U.S. President Donald Trump had personal liabilities of at least $315.6 million to German, US, and other lenders as…
Egypt provided $121 mln in emergency funding to GASC in May: MoF
Egypt's Finance Ministry announced in a statement on Saturday that it has provided the state grains buyer GASC with…
Bank of England keeps interest rates unchanged
The Bank of England (BOE) held on Thursday interest rates steady at 0.25 percent, though an unexpected rise in…
Egypt’s economy grows 4.3% in Q3-FY2016/17: minister
Egypt’s GDP grew 4.3 percent during the third quarter of the current financial year 2016/2017, Minister of Planning…
Banque Misr: Small business financing hits 2 bln pounds
Egypt’s second largest state-owned lender, Banque Misr says its has increased its financing for small-sized…
National Bank of Egypt says has raised $8.2 billion since pound float
Egypt’s biggest lender, the state-owned National Bank of Egypt has raised $8.2 billion since the liberalisation of…